409 E 2nd Ave Lenoir City, TN 37771

Attention investors or buyers looking for a project to remodel and take advantage of this equity investment opportunity in the historic area of downtown Lenoir City! This two story Colonial- Style home is located in a historic neighborhood in Lenoir City and offers tremendous potential for investors seeking a value-add potential or a growing family with a need for space! With well over 2,000 + Sq Ft of living space and an additional cottage complete with its own kitchen and bathroom above the 2 car garage. This layout provides endless opportunity and flexibility for a full rental, rental conversion or an affordable space and the chance to build equity with updates at your own pace! It's ready for your finishing to truly make it home! Inside you'll find a generous floor plan with multiple bedrooms, giving everyone space and privacy. The large covered front porch is ideal for morning coffee and relaxing evenings, while the yard provides room for outdoor fun, gardening or entertaining! The opportunities are endless!!

Additionally, you'll find that significant upgrades have already been made: the main house roof was replaced in 2023, as well as the HVAC system. The tankless water heater was updated just seven years ago. The cottage has also been renovated and features its own electric meter and sewer tap—giving it its own address and utility bill—along with a new roof installed in 2023!

Walking distance to restaurants, public library, coffee shop, shopping, parks and conveniently located to medical facilities, interstates, and within 35 minutes from Knoxville. Don't miss out on this incredible opportunity! This is a must see, book your showing now!